Compound Management Market Size Worth $1.5 Billion By 2030

March 2023 | Report Format: Electronic (PDF)

Compound Management Market Growth & Trends

The global compound management market size is expected to reach USD 1.5 billion by 2030, expanding at a CAGR of 15.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing biopharmaceutical industry and biobanking sector are fuelling market growth. The growth of translational research and personalized medicine is driving the market.

Efficient compound management is tremendously important for the success of drug discovery, where traceability, reliability, speed, and throughput are fundamental. Maintaining samples at the precise temperature, under nitrogen or dry air to prevent fluctuations of stock concentrations, and in a dark environment to avoid photodegradation, can help ensure the consistency and longevity of samples.

Compounds of high integrity led to reliable results while locating drug candidates. Moreover, the collection, storage, and distribution of human biological samples support the development of the R&D industry. In addition, it aids to understand the mechanisms of diseases as well as supports the trend to provide personalized medicines.

Automated storage systems eliminate or reduce the risks and provide reliable and correct environmental conditions to protect samples from precipitation or degradation. A management system like Verso tracks sample data, including location and type, which enables the quick and easy finding of the sample.

The fully automated systems improve the process of drug discovery by eliminating error-prone and time-consuming tasks. The development of new technologies for compound screening, such as high-throughput screening (HTS), has led to an increase in the number of compounds that need to be managed. This has driven the growth of the compound management industry.

North America dominated the market in 2022 owing to a strong base of biotechnology and pharmaceutical companies in the region. These companies are involved in drug discovery activities, which, in turn, led to the growth of the market in the region. The Asia Pacific market is anticipated to grow fast over the forecast period. This is attributed to ongoing studies undertaken via private-public collaborations, drug discovery, and government initiatives in the region.

key Request a free sample copy or view report summary: Compound Management Market Report

Compound Management Market Report Highlights

  • The automated compound/sample storage systems segment was the largest in 2022, accounting for 43.5% of the market share. This is attributed to its ability to eliminate or reduce errors and save time

  • Based on sample type, chemical compounds dominated the market in 2022 with the largest share of 52.6% due to the increasing drug discovery activities. It has resulted in an increased demand for compounds and positively affects the market growth

  • The biobanking segment is anticipated to exhibit the fastest CAGR of 17.3% over the forecast period. The number of organizations involved in the collection and storage of human biomaterials keep growing, in line with the increasing use of human biomaterials in research as a replacement for animal models. This is anticipated to support the market growth

  • North America led the market owing to the presence of large biopharmaceutical companies engaged in drug discovery and their requirement of huge maintenance for chemical libraries. Thus, to maintain the productivity of such biologics and drugs, most of the leading biopharma and pharma companies have started building storage facilities

Compound Management Market Segmentation

Grand View Research has segmented the global compound management market based on type, sample type, application, end-use, and region.

Compound Management Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Product

    • Automated Compound/ Sample Storage System

    • Automated Liquid Handling Systems

    • Other Compound/ sample storage systems

  • Service

Compound Management Sample Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Chemical compound

  • Bio samples

Compound Management Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Drug Discovery

  • Gene Synthesis

  • Bio Banking

  • Others

Compound Management End-use Outlook (Revenue, USD Million, 2018 - 2030)

  • Pharmaceutical

  • Biopharmaceutical

  • Contract Research Organizations

  • Others (Research and Institutes)

Compound Management Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • Italy

    • France

    • Spain

    • Sweden

    • Denmark

    • Norway
  • Asia Pacific

    • China

    • Japan

    • Australia

    • South Korea

    • India

    • Thailand

  • Latin America

    • Mexico

    • Brazil

    • Argentina

    • Colombia

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait

List of Key Players in the Compound Management Market

  • Azenta US, Inc.

  • Tecan Trading AG

  • Hamilton Company

  • BioAscent

  • Titian Service Limited

  • Evotec

  • Beckman Coulter Inc.

  • LiCONiC AG

  • AXXAM S.p.A.

  • SPT Labtech LTD.

gvr icn


gvr icn

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

gvr icn


We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.

Contact us now to get our best pricing.